Does anyone have a calculation to find a monthly income on a fixed amount
investment?

Need a bit more information perhaps. Are you drawing money from this fixed
amount? Is this investment making a fixed rate of interest? Is there a
specific period of time you want to draw money from the investment?

"Ken K" wrote:

Does anyone have a calculation to find a monthly income on a fixed amount
investment?

Thanks for the response, yes a fixed amount with a fixed interest rate and no
specific period of time. What I am trying to accomplish is how much I need to
put away at a fixed rate to replace a fixed income I now receive.

Thanks,

Ken

"tim m" wrote:

Need a bit more information perhaps. Are you drawing money from this fixed
amount? Is this investment making a fixed rate of interest? Is there a
specific period of time you want to draw money from the investment?

"Ken K" wrote:

Does anyone have a calculation to find a monthly income on a fixed amount
investment?

Calculating interest income is a simple percentage calculation. Suppose you need
$2000/month of income, and you expect to make 5%/yr on your money. The capital
you would need is:

=(2000*12)/.05

If you want to spend both the interest and principal, you would calculate the
present value required, as in:

=PV(5%/12,#months required,2000)

--
Regards,
Fred


"Ken K" wrote in message
...
Thanks for the response, yes a fixed amount with a fixed interest rate and no
specific period of time. What I am trying to accomplish is how much I need to
put away at a fixed rate to replace a fixed income I now receive.

Thanks,

Ken

"tim m" wrote:

Need a bit more information perhaps. Are you drawing money from this fixed
amount? Is this investment making a fixed rate of interest? Is there a
specific period of time you want to draw money from the investment?

"Ken K" wrote:

Does anyone have a calculation to find a monthly income on a fixed amount
investment?